TAXIS OCCUPIED TAXIS TAXIS on the ROAD the on TAXIS Any Single15-Minuteinterval)

Total Page:16

File Type:pdf, Size:1020Kb

TAXIS OCCUPIED TAXIS TAXIS on the ROAD the on TAXIS Any Single15-Minuteinterval) 2014 Taxicab Fact Book The Taxicab Fact Book was last published in 2006 by Schaller Consulting. Since then, many changes have occurred, allowing us to take a new look at how yellow taxis operate in New York City. The largest change has been the introduction of the Taxi Passenger Enhancement Program (TPEP), a technology initiative which introduced credit card readers to all taxis in 2008. Along with this came the collection of electronic trip-sheet data, replacing handwritten paper trip -sheets with independent records including information on pick-up and drop-off times and locations and itemized fare amounts. With the new TPEP data, we are able to take a look at taxi patterns from all taxis without having to rely on samples of trip-sheets. The 2014 Taxicab Fact Book is a quick look at the state of the yellow taxi industry (with a brief look at the other for-hire vehicle industries). This will be the first in a regular summary of taxi trends in New York City. Not only does the 2014 Fact Book contain updated statistics on total trips and fares, but it also provides unique looks at trip patterns by borough, shifts and taxi availability, and driver and passenger demographics. ails i Stand H ax et T e t r r t o S YELLOW TAXIS p BORO TAXIS r i A Anywhere There are 13,437 medallions, the right to run a yellow taxi For more on medallions, see p 12 A typical taxi travels 70,000 miles per year, enough to travel around the world 2.8 times Boro Taxis were created as a new class of license in 2012 to provide legal, yellow-caliber taxi service to the boroughs, The average age of a taxi vehicle is 3.3 years since 94% of yellow taxi pick-ups occur either in Manhattan or at one of the airports. 60% of taxi vehicles are hybrid-electric vehicles and 2% of taxi vehicles are wheelchair-accessible Trips: 485,000 per day | 175 MILLION per year For more on trips, see p 3-6 Boro Taxis are a hybrid service, providing both and prearranged for-hire vehicle services. The are over 50,000 drivers For more on drivers, see p 9-10 A typical driver shift is 9.5 hours For more on shifts, see p 8 18,000 Boro Taxi permits are being issued in three groups of Passengers: 600,000 per day | 236 MILLION per year For more on passengers, see p 11 6,000. The first group of 6,000 has been sold, with the second issuance planned for June 2014. Models of Operation Fleets Run garages that own and operate many taxis Drivers lease the taxi on a daily or weekly basis Boro Taxis are not permitted to pick up passengers in The lease fee is capped according to TLC regulations Manhattan below E 96th Street or W 110th Street serve airport taxi queues Driver-Owned Vehicles (DOV) Driver conditionally owns the car but leases the medallion from an agent who manages it for an owner Individual Owner-Operators Driver owns car and medallion and is required to drive at least 210 shifts per year Boro Taxi Service Areas For more on Boro Taxis, including new facts on a brand new service, check out the next Taxicab Fact Book! Regulations BRONX Street hails or e-hails anywhere in NYC West 110 Street MANHATTAN East 96 Street Accessible vehicles are required to participate in Accessible Dispatch program LGA TLC sets rate of fare QUEENS Specific vehicle standards (TLC inspection 3 times per year) BROOKLYN Closed entry with a fixed supply For more on inspections, see p 13 JFK Drivers must be able to read, speak, and understand English STATEN ISLAND 1 ails nged nged t H a a e rr rr e a a r e e t r r S OTHER FOR HIRE VEHICLES (FHVs) P P in Boro Zone in Boro Zone Anywhere Liveries (also known as Car Services or Community Cars) Provide for-hire service by pre-arrangement Boro Taxis were created as a new class of license in 2012 For more on yellow trips to provide legal, yellow-caliber taxi service to the boroughs, by borough, see p 5-6 Around 500 base stations located throughout the five boroughs of yellow taxi pick-ups occur either in Manhattan About 25,000 vehicles Vehicles must be affiliated with a base Average age of vehicles is about 7 years Passengers: about 500,000 per day Fare: set by base and varies by neighborhood Boro Taxis are a hybrid service, providing both street-hail for-hire vehicle services. Regulations Trip must be prearranged via bases Street hailing not permitted Wide variety of vehicle types (TLC inspection once every 2 years) Open entry For more on inspections, see p 13 Boro Taxi permits are being issued in three groups of . The first group of 6,000 has been sold, with the second Black Cars Provide service mostly for corporate clients, setting fares by contracts with clients Around 80 base stations located throughout the five boroughs About 10,000 vehicles Boro Taxis are not permitted to pick up passengers in Vehicles must be affiliated with a base W 110th Street or to Average age of vehicles is about 5.5 years Regulations Prearranged contracted service, 90% non-cash basis Wide variety of vehicle types (TLC inspection once every 2 years) Open entry For more on inspections, see p 13 For more on Boro Taxis, including new facts on a brand new service, check out the next Taxicab Fact Book! Other Industries Luxury Limousines Paratransit Provide chartered service Provide transportation for healthcare facilites About 7,000 vehicles About 2,000 vehicles Over 200 companies Over 200 paratransit providers Commuter Vans Provide service for passengers along fixed routes About 500 vehicles Around 50 van authorizations 2014 Taxicab Fact Book 2 700,000 600,000 597,327 593,094 500,000 400,000 300,000 200,000 100,000 72,019 DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN 2009 2010 2011 Yellow taxis provide an average of 485,000 trips/day The average trip distance is 2.6 miles 20% of all trips are less than 1 mile (about 20 Manhattan blocks) 20% 99% of all trips are less than 12 miles 10% 0% < ½ 20+ ½ to 1 <½ 1 to 1 ½ < 1 ½ to 2 <1 ½ 7 to 7 ½ < 4 to 4 ½ < 6 ½ to 7 <6 ½ 7 ½ to 8 <7 ½ 4 ½ to 5 <4 ½ 2 to 2 ½ < 3 ½ to 4 <3 ½ 2 ½ to 3 <2 ½ 11to 11< ½ 5 to 5 ½ < 5 ½ to 6 <5 ½ 8 ½ to 9 <8 ½ 9 to 9 ½ < 6 to 6 ½ < 3 to 3 ½ < 8 to 8 ½ < 11< ½ to 12 10< ½ to 11 9 ½ to 10<9 ½ 17to 17< ½ 14to 14< ½ 16< ½ to 17 12to 12< ½ 17< ½ to 18 14< ½ to 15 13< ½ to 14 12< ½ to 13 15to 15< ½ 15< ½ to 16 19to 19< ½ 16to 16< ½ 13to 13< ½ 18< ½ to 19 18to 18< ½ 10to 10< ½ 19 ½ to <19 ½ to 20 Trip Distance 3 Daily Trips 591,464 12/2008 to 11/2013 113,794 MAY JUN JUL AUG SEP29,092 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV 2012 2013 Days with fewer than 350,000 trips can be explained by either holidays or major weather events The most trips between 2008 and 2013 occurred on HOLIDAYS December 11, 2009, a Friday. Years with under 350,000 trips New Year’s Day 2009 2011 2012 2013 Memorial Day 2009 2010 2012 2013 Independence Day 2009 20102011 2013 Labor Day 2009 2010 2012 2013 Other top days include Thanksgiving 2009 2010 2011 2012 2013 Christmas 2008 2009 2010 2011 2012 February 12, 2011 & February 11 2012, no data both Saturdays around Valentine’s Day WEATHER EVENTS Most significant events Date Trips Average daily taxi usage is typically highest Blizzard 12/27/2010 72,019 in the spring months and lowest in the summer months Hurricane Irene 8/28/2011 29,029 Superstorm Sandy 10/29/2012 113,794 MONTHS WITH HIGHEST & LOWEST AVERAGE DAILY TRIPS HIGH LOW 2008 DEC 2009 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2010 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2011 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2012 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2013 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV no data 2014 Taxicab Fact Book 4 Source: NYCTLCTPEPTrip-sheetdata,2012 Average TotalPick-upsandDrop-offsbyTimeofDay BORO BY TRENDS TRIP 8,000 8,000 6,000 6,000 3,000 3,000 5,000 5,000 2,000 2,000 4,000 4,000 7,000 7,000 1,000 1,000 5 MON TUE WED THU FRI SAT SUN MON TUE WED THU FRI SAT SUN 12 AM 12 AM 4 AM 4 AM 8 AM 8 AM 12 PM 12 PM 4 PM 4 PM 8 PM 8 PM 12 AM 12 AM 4 AM 4 AM 8 AM 8 AM 12 PM 12 PM 4 PM 4 PM 8 PM 8 PM 12 AM 12 AM 4 AM 4 AM 8 AM 8 AM 12 PM 12 PM 4 PM 4 PM 8 PM 8 PM 12 AM 12 AM 4 AM 4 AM 8 AM 8 AM 12 PM 12 PM 4 PM 4 PM 8 PM 8 PM 12 AM 12 AM (15-minute increments) 4 AM 4 AM STATEN ISLAND 8 AM 8 AM 12 PM 12 PM 4 PM 4 PM 8 PM 8 PM 12 AM 12 AM 4 AM 4 AM 8 AM 8 AM MANHATTAN 12 PM 12 PM BROOKLYN 4 PM 4 PM 8 PM 8 PM 12 AM 12 AM BRONX 4 AM 4 AM LGA 8 AM 8 AM QUEENS 12 PM 12 PM 4 PM 4 PM JFK 8 PM 8 PM PICK-UPS DROP-OFFS boroughs areevenhigherthanforpick-ups.
Recommended publications
  • Nov 2014 Dummy.Indd
    NOVEMBERJULY 20102014 •• TAXITAXI INSIDERINSIDER •• PAGEPAGE 11 INSIDER VOL. 15, NO. 11 “The Voice of the NYC Transportation Industry.” NOVEMBER 2014 Letters Start on Page 3 EDITORIAL • By David Pollack Insider News Page 5 • Taxi Drivers and Ebola Updated Relief Stands Thankfully there is a radio show where you can Taxi Dave (that’s me!) not only had the Chairwoman get fi rst hand information needed to answer any of of the TLC, Meera Joshi discuss fears of the Ebola Page 6 your questions whether industry related or even virus, but I had Dr. Jay Varma, a spokesperson from • health related. the NYC Department of Health answering all ques- Taxi Attorney Before we get into Ebola, TLC Chair- tions that drivers brought to “Taxi Dave’s” By Michael Spevack woman Joshi stated that the TLC will attention. How does Ebola spread? What be sending out warning letters to drivers is the best means of prevention and pro- Page 7 instead of summonses for a red light tection? • camera offense. “Vision Zero is not Chairwoman Joshi stated, “Thank you How I Became A Star about penalties,” she stated. To hear this for reaching out to the Department of By Abe Mittleman and much more, listen to this link: http:// Health. The myth of how Ebola spreads is www.wor710.com/media/podcast-the- spreading incredibly faster than the actual Page 15 taxi-dave-show-TaxiInsider/the-taxi-dave- disease ever could. It is really important to • show-102614-25479519/ separate facts from fi ction and the Depart- Street Talk Folks, if you want fi rst hand infor- ment of Health has been doing an amazing By Erhan Tuncel mation, every Sunday evening at 8:00 job in getting that message out there and PM listen to WOR-710 radio to TAXI DAVE.
    [Show full text]
  • Fight to Improve Wheelchair Access in NYC and Its National Implications”
    “Fight to Improve Wheelchair Access in NYC and Its National Implications” Webinar – 7/24/2014 Additional Resources: District of Columbia Taxicab Commission Disability Advisory Committee Report New York City Taxi and Limousine Commission – Disabled Accessibility Plan Implementation Agreement Memo of Understanding Department of Justice Statement of Interest Noel v TLC Decision Senate Bill 6118A DISTRICT OF COLUMBIA Comprehensive Report and TAXICAB COMMISSION Recommendations on Accessible DISABILITY ADVISORY Taxicab Service COMMITTEE February 20, 2014 EXECUTIVE SUMMARY On July 10, 2012, the District of Columbia City Council passed the DC Taxicab Service Improvement Amendment Act of 2012 (DC Taxi Act) to improve taxicab service in the District. Section 20f of the Act addresses accessibility for individuals with disabilities, and requires the DC Taxicab Commission (DCTC) to establish a Disability Taxicab Advisory Committee (the Committee) to advise the Commission on how to make taxicab service in the District more accessible for individuals with disabilities. Under the DC Taxi Act, the Committee was tasked with producing a comprehensive report and making recommendations to the Mayor and to the Council on 8 specific issues regarding accessible taxi service. A. Legal Requirements In 2012, taxis in the District of Columbia delivered an estimated 21 million tourists, business travelers, advocates, workers, and residents to their hotels, Hill visits, businesses, homes, places of worship, and other destinations. The rights of those tourists, travelers, workers and residents with disabilities to access taxi and sedan services in the District are guaranteed under the Americans with Disabilities Act (ADA) and corresponding regulations, the DC Taxi Act, and the DC Human Rights Act (DCHRA).
    [Show full text]
  • Uber-Positive
    EF EF I M I I MANHATTAN INSTITUTE FOR POLICY RESEARCH R R B B SSUE SSUE I I UBER-POSITIVE The Ride-Share Firm Expands Transportation Options in Low-Income New York No. 38 September 38 No. 2015 Jared Meyer EXECUTIVE SUMMARY Fellow n New York City, the rise of Uber—which holds a 90 per- cent citywide market share1 of smartphone-facilitated ride- sharing services—has occurred in the context of a history of licensing restrictions on for-hire vehicles, particularly those Ithat can be hailed in densely populated “core” Manhattan (i.e., south of West 110th Street and south of East 96th Street). Today, there are 13,437 yellow-cab medallions, which permit street hails anywhere in NYC, a figure down from 16,900 in 1937, when New York first adopted its medallion system2—despite the fact that the city’s population is now 20 percent larger.3 NYC’s medallion cap has long prompted concern that taxi service is concentrated in affluent core Manhattan neighborhoods and at city airports—to the detriment of lower-income, minority resi- dents who tend to reside in outer-borough neighborhoods where street hails are scarce. In recent years, the city has sought to reduce transportation inequalities by issuing additional taxi licenses to green-colored “boro taxis,” which permit street hails in noncore Manhattan, the Bronx, Queens (excluding Kennedy and LaGuar- dia airports), and Staten Island, as well as unrestricted drop-offs.4 Despite such efforts, the NYC Taxi and Limousine Commission (TLC), the city regulator, stated in a 2013 study: “Until more Published by the Manhattan Institute Boro Taxis go into service, residents of many NYC I.
    [Show full text]
  • Oct 2014 Dummy.Indd
    OCTOBERJULY 20102014 •• TAXITAXI INSIDERINSIDER •• PAGEPAGE 11 INSIDER VOL. 15, NO. 10 “The Voice of the NYC Transportation Industry.” OCTOBER 2014 Letters Start on Page 3 EDITORIAL • Insider News By David Pollack Page 5 • Will The MTA Tax Go Up? Updated Relief Stands During a political battle that I was part of years When has the MTA ever helped the taxi industry? Page 6 ago, I was told the MTA and their “friend” Carl Uh, wait for it………….NEVER! • Kruger originally wanted a $2.00 surcharge on each The current MTA debt is $33 billion with yearly taxi fare. That increase was in addition to a commuter payments totaling $2.4 billion, yet the MTA just A Mess Of A Ride mobility tax. Some called it a victory when revealed an additional $32 billion capital By Abe Mittleman a reduction of that proposed $2.00 “taxi tax” plan. The MTA will be short another $15 Page 7 became 50 cents on each fare. For years billion. That will increase the annual debt • now, the insulting 50 cents is charged on payments by $1 billion if the MTA borrows Taxi Attorney the meter and collected by the driver, and the $15 billion needed to close this historic By Michael Spevack remitted by the owner quarterly, all in the fi nancial gap. Subway and Bus fares are name of the Metropolitan Transit Author- already scheduled to go up about 4% and Page 15 ity. More recently, the MTA has hi-jacked believe me, no politician that is “running” • at least one lane on all major avenues in wants to add an additional increase to the IATR Release Manhattan that have become for “Buses planned fares.
    [Show full text]
  • Families Share Memories of Lost Loved Ones
    Aug. 2-8, 2012 Your Neighborhood - Your News® FREE THE NEWSPAPER OF HOLLIS, ST. ALBANS, CAMBRIA HEIGHTS, SPRINGFIELD GARDENS, ROSEDALE & RICHMOND HILL JAMS Festival ready to rock this weekend Page 9 PagesPages 23-38 Comrie surveys St. Albans biz Families share on soda ban BY RICH BOCKMANN memories of City Councilman Leroy Com- rie (D-St. Albans), an opponent of Mayor Michael Bloomberg’s so- called soda ban, said if hizzoner was really committed to reducing lost loved ones the amount of sugar New Yorkers consume, there was a better way to go about doing so than limiting the size of drinks a business can Meeks hosts lunch to discuss violence sell. “I never supported the ban. Truly, I think it’s smoke and mir- BY RICH BOCKMANN son’s murderer receiving “too rors,” Comrie said Tuesday as he much privilege” in the prison sys- prepared to poll a few restaurants One still-grieving woman tem. Another mother, who spent in St. Albans on their stance on lamented it was the group no one 17 years in prison, assured her the proposed ban. “If they really wants to belong to. that incarceration was “excruci- wanted to be serious about low- Sharon Plummer’s son, ating agony.” ering sugar, they should address Shawn Plummer, was killed July But no matter how differ- that.” 13. Brigitte Hoggard ent their stories, The councilman suggested lost her son, Terell no matter how dif- a more effective approach might Fountain, June 26, ferent their experi- be modeled on legislation he in- 2011. Emett Mason’s ences, the one thing troduced to limit the amount of son, Sidney Mason, the family mem- sodium and calories in fast-food was just 10 when he bers who sat down meals marketed at children.
    [Show full text]
  • How Bikesharing Impacts Bus Ridership in New York City$
    Paper published in Transportation Research Part A: Policy and Practice. https://doi.org/10.1016/j.tra.2017.04.017. Sharing Riders: How Bikesharing Impacts Bus Ridership in New York CityI Kayleigh B. Campbella,∗, Candace Brakewoodb aSchool of International and Public Affairs, Columbia University, 420 West 118th Street, New York, NY 10027, United States bDepartment of Civil Engineering, The City College of New York, 160 Convent Avenue, New York, NY 10031, United States Abstract The objective of this research is to quantify the impact that bikesharing systems have on bus ridership. We exploit a natural experiment of the phased implementation of a bikesharing system to different areas of New York City. This allows us to use a difference-in-differences identification strategy. We divide bus routes into control and treatment groups based on if they are located in areas that received bikesharing infrastructure or not. We find a significant decrease in bus ridership on treated routes compared to control routes that coincides with the implementation of the bikesharing system in New York City. The results from our preferred model indicate that every thousand bikesharing docks along a bus route is associated with a 2.42% fall in daily unlinked bus trips on routes in Manhattan and Brooklyn. A second model that also controls for the expansion of bike lanes during this time suggests that the decrease in bus ridership attributable to bikesharing infrastructure alone may be smaller (a 1.69% fall in daily unlinked bus trips). Although the magnitude of the reduction is a small proportion of total bus trips, these findings indicate that either a large proportion of overall bikeshare members are substituting bikesharing for bus trips or that bikesharing may have impacted the travel behavior of non-members, such as private bicyclists.
    [Show full text]
  • 12-16-2013 Minutes
    Community Board Ten Board Meeting Attendance Shore Hill Community Room Monday, December 16, 2013 -7:15 pm Board Members Present: 31 Board Members Excused: 13 Greg Ahl Allen Bortnick Liz Amato Kevin Peter Carroll Jaynemarie Capetanakis Ann Falutico Shirley Chin Michael Festa Judith Collins Judith Grimaldi Doris Cruz Brian Kaszuba Ida D'Amelio Katherine Khatari Khader EI-Yateem Nikolaos Leonardos Barbara Germack Rita Meade Andrew Gounardes Jean Ryan Ronald Gross Dilia Schack Stephen Harrison Fran Vella-Marrone Robert Hudock Lori Willis June Johnson Habib Joudeh Brian Kieran Stella Kokolis Board Members Absent: 6 Rhea McCone Mary Nolan Anna DeMetz Susan Pulaski Luigi Lobuglio Mary Quinones Jeannie May Dean Rasinya AdilOualim Husam Rimawi Linda Sarsour Susan Romero TonyWu Eleanor Schiano Joanne Seminara Joseph Sokoloski Lawrence Stelter Ex-Officio: Sandy Vallas Mary Ann Walsh Councilman V incent Gentile Jonathan Yedin COMMUNITY BOARD TEN GUESTS Date: December 16,2013 -7:15 PM Subiect: CB10 Board Meeting - Shore Hill Community Room PLEASE PROVIDE AS MUCH INFORMATION AS POSSIBLE. THANK YOU. Name/Address Phone # Fax # E-Mail Address Or~anization/Affiliation : 1/, ',,! ,j.", ," (JOG (11­ 'I. (. ~."'... ,;> 3 J' 171 ~'3.r I ~ \r , . 5J1- IL,I c::"".t:.(:' .:;t. b(\ l r ~r' <~ ~ L n~l f 5 \ - ... 9 ( ~ l-'~~J(J ;C.LA ,A.J15tJ € &'4 e ~~4( 'rt1t< " , /h~ l~_~ilfo:u{f "u~~~ c::nz. C Cc:.v O·\C~. ~\ \\..\ - ~ t-Lt ' OJ ('t G. e~)Z. t::..C{~Gi(I".:V\.c..,'l t...::..~ , I 'J , 'J :! , '1 (/' '" c.. he h,'(l @ I~I(~, v ..J~ <:!~/" 0'";.., }({ «'j "~oI t Nf~Y'f"' ~\v.
    [Show full text]
  • New York City Taxi and Limousine Commission 2013 Annual Report
    New York City Taxi and Limousine Commission 2013 Annual Report Annual Report 2013 2 Welcome Dear Friends: Welcome to the New York City Taxi and Limousine Commission’s 2013 Annual Report. In these pages, we highlight a year of progress for the agency, long recognized as our nation’s largest and most active taxi and for-hire vehicle regulator, with details of both old and new initiatives, as well as of core services successfully delivered. In 2013, the Taxi and Limousine Commission (TLC) realized a number of achievements in keeping with its mission of ensuring that New Yorkers and visitors to the city have access to taxicabs and other for-hire ground transportation that are safe, efficient, sufficiently plentiful, and provide a good passenger experience. Sincerely, Conan Freud Deputy Commissioner/COO Annual Report 2013 3 TLC’s Mission and Structure Charter Mandate The New York City Taxi and Limousine Commission (TLC) was created by Local Law No. 12 of 1971, and is charged with “furthering the development and improvement of taxi and livery service in New York City, establishing an overall public transportation policy governing taxi, coach and car services and wheelchair-accessible vans, and to establish certain rates and standards.” TLC Mission Statement The mission of the Taxi and Limousine Commission is to ensure that New Yorkers and visitors to the City have access to taxicabs, car services, and commuter van services that are safe, efficient, sufficiently plentiful, and provide a good passenger experience. We understand that private transportation services are an essential component of the City’s transit network, alongside publicly operated mass transit.
    [Show full text]
  • Spatial Equilibrium, Search Frictions and Dynamic Efficiency in the Taxi Industry
    Spatial Equilibrium, Search Frictions and Dynamic Efficiency in the Taxi Industry Nicholas Buchholz ∗ December 9, 2019 Abstract This paper analyzes the dynamic spatial equilibrium of taxicabs and shows how common taxi regulations lead to substantial inefficiencies as a result of search frictions and misallocation. To analyze the role of regulation on frictions and efficiency, I pose a dynamic model of spatial search and matching between taxis and passengers. Using a comprehensive dataset of New York City yellow medallion taxis, I use this model to compute the equilibrium spatial distribution of vacant taxis and estimate intraday demand given price and medallion regulations. My estimates show that the weekday New York market achieves about $5.5 million in daily welfare split almost equally by customers and drivers comprising 182 thousand trips, but an additional 48 thousand customers fail to find cabs due to search frictions. Counterfactual analysis shows that implementing simple tariff pricing changes can enhance allocative efficiency and expand the market, offering daily net surplus gains of up to $420 thousand and 76 thousand additional daily taxi-passenger matches, a similar magnitude of gains generated by adopting a perfect static matching technology. Key Words: dynamic games, spatial equilibrium, search frictions, dynamic pricing, regulation, taxi industry JEL classification: C73; D83; L90; R12 ∗Department of Economics, Princeton University. Email: [email protected]. This is a revised version of my job market paper, previously circulated under the title Spatial Equilibrium, Search Frictions and Efficient Regulation in the Taxi Industry. Special thanks to Allan Collard-Wexler, Eugenio Miravete and Stephen Ryan. I also benefitted from discussions with Hassan Afrouzi, John Asker, Austin Bean, Lanier Benkard, Laura Doval, Neal Ghosh, Andrew Glover, Jean-Fran¸coisHoude, Jakub Kastl, Ariel Pakes, Rob Shimer, Can Urgun, Emily Weisburst, Daniel Xu, Haiqing Xu, anonymous referees and numerous seminar participants.
    [Show full text]
  • Sp R I Ng 20
    SPRING 2015 2 LETTER FROM THE EDITOR am on an Amtrak train traveling south alongside the Hudson River, and I can see it URBAN I approaching in the distance. URBAN New York City. The City That Never Sleeps. The Melting Pot. Gotham. The Empire REVIEWREVIEW City. The Capital of the World. The City So Nice They Named It Twice. The Big Apple SPRING 15 (and, for a brief time during a short-lived Dutch occupation, The Big Orange). It gave us Billy Holiday, the Harlem Renaissance, and Herman Melville. It brought us the New York Stock Exchange, Jane Jacobs, and the Yankees. It made Jay Z, James Baldwin, and Editor-in-Chief Seinfield happen. This place gave us the Statue of Liberty, a bunch of Roosevelts, Miles Daniel Townsend Davis, Margaret Sanger, and Cats The Musical! This is the New York issue. Our thoughts on the town in which we live, work, and play. Chief Editor of Design In the pages that follow, you’ll hear from Amina Hassen and her approach to planning in Corey Clarke Highbridge, Bronx. You’ll join Chris Polansky as he surveys Greenpoint’s industrial dis- trict. You’ll travel with our resident cabby, Melissa Plaut, and stop off in Foley Square to Managing Edtor of Content reflect on the controversial “Tilted Arc” with Brian Lamberta. With an affordable hous- Will Emmons ing crisis on the horizon, if not already here, seeing public and private housing through the eyes of Jenny Akchin and Nate Heffron will likely change how you view housing Managing Editor of Design policy.
    [Show full text]
  • New York City Financial Plan Report, June 2014
    Review of the Financial Plan of the City of New York June 2014 Report 5-2015 New York State Office of the State Deputy Comptroller Office of the State Comptroller For the City of New York Thomas P. DiNapoli Kenneth B. Bleiwas Additional copies of this report may be obtained from: Office of the State Comptroller New York City Public Information Office 59 Maiden Lane New York, NY 10038 Telephone: (212) 383-1388 Or through the Comptroller’s website at: www.osc.state.ny.us Please notify the Office of the State Deputy Comptroller at (212) 383-3916 if you wish to have your name removed from our mailing list or if your address has changed. Contents I. Executive Summary .......................................................................................... 1 II. Economic Trends .............................................................................................. 5 III. Changes Since the June 2013 Plan .................................................................. 9 IV. The Projected Budget Gaps ........................................................................... 11 V. Revenue Trends ............................................................................................... 13 1. Real Property Tax .............................................................................................................. 14 2. Personal Income Tax .......................................................................................................... 15 3. Sales Tax ...........................................................................................................................
    [Show full text]
  • Urban Travel Time Variability in New York City
    University Transportation Research Center - Region 2 Final Report Urban Travel Time Variability in New York City: A Spatio-Temporal Analysis within Congestion Pricing Context Performing Organization: State University of New York (SUNY) August 2017 Sponsor: University Transportation Research Center - Region 2 University Transportation Research Center - Region 2 Project No(s): The Region 2 University Transportation Research Center (UTRC) is one of ten original University Transportation Centers established in 1987 by the U.S. Congress. These Centers were established UTRC/RF Grant No: 49198-20-28 with the recognition that transportation plays a key role in the nation's economy and the quality Project Date: of life of its citizens. University faculty members provide a critical link in resolving our national and regional transportation problems while training the professionals who address our transpor- Project Title: August 2017 tation systems and their customers on a daily basis. Context Urban Travel Time Variability in New York The UTRC was established in order to support research, education and the transfer of technology City: A Spatio-Temporal Analysis within Congestion Pricing Project’s Website: in the �ield of transportation. The theme of the Center is "Planning and Managing Regional - Transportation Systems in a Changing World." Presently, under the direction of Dr. Camille Kamga, time-variability the UTRC represents USDOT Region II, including New York, New Jersey, Puerto Rico and the U.S. http://www.utrc2.org/research/projects/urban-travel Virgin Islands. Functioning as a consortium of twelve major Universities throughout the region, Principal Investigator(s): UTRC is located at the CUNY Institute for Transportation Systems at The City College of New York, M.
    [Show full text]